Newsroom

Farm Credit East’s bylaws provide for the nomination of candidates by petition by Thursday, January 25, 2024.

The Farm Credit System today reported that combined net income decreased 1.4% to $1.78 billion and 1.7% to $3.51 billion for the three and six months ended June 30, 2023, as compared with net income of $1.81 billion and $3.57 billion for the same periods of the prior year.

Farm Credit East, a customer-owned cooperative lender and financial services provider, has announced the results of its recent director elections and board reorganization meeting. The 18-member board represents the diversity of Northeast agriculture and forest products.

Farm Credit East, ACA, the Northeast’s largest agricultural lending cooperative, announced its distribution of a record $117 million in cash patronage dividends to 12,250 farm, fishing and forestry business owners and operators across the Northeast. On average, eligible customers received a 1.25% reduction in their effective interest rate as a result of this patronage distribution.